May, 2021

• 4 May

  Covid-19: UAE reports 1,686 new recoveries

  

  ABU DHABI / WAM The Ministry of Health and Prevention (MoHAP) announced that it conducted 179,453 additional Covid-19 tests over the past 24 hours, using state-of-the-art medical testing equipment. In a statement, the ministry stressed its aim to continue expanding the scope of testing nationwide to facilitate the early detection of coronavirus cases and carry out the necessary treatment. As ...

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• 4 May

  Waha Capital announces AED111mn profit in Q1

  

  Abu Dhabi / WAM Waha Capital on Tuesday announced its results for the first quarter of 2021. The company delivered an overall Q1 profit of AED 111 million as both the Public Markets and Private Investments businesses demonstrated robust performance, while the global economic outlook continued to improve due to Covid-19 vaccination efforts. According to financial statement, the public markets ...

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• 4 May

  Agthia posts 17% rise in Q1 2021 revenues

  Abu Dhabi / Emirates Business Agthia Group, a leading regional food and beverages company, on Tuesday announced its Q1 2021 financial results for the period ending March 31. The group recorded earnings per share of AED0.069 per share and total revenues of AED 665.5 million, representing 57% and 17% year-on-year growth, respectively, compared to the same period in 2020. The ...

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• 4 May

  Sharjah explores bolstering economic ties with Costa Rica

  

  SHARJAH / WAM The Sharjah Chamber of Commerce & Industry (SCCI) has welcomed a high-level delegation from the Republic of Costa Rica to explore means of enhancing commercial and economic cooperation and encourage mutual investments across vital sectors, thus strengthening partnerships between business communities in both countries. The Costa Rican delegation, which included Andrian Arrigita, Deputy Minister of Foreign Affairs ...

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• 4 May

  UAE dispatches fourth shipment of Covid-19 vaccine doses to Syria

  

  DAMASCUS / WAM A fourth Emirati aid aircraft arrived in Damascus on Tuesday loaded with significant quantities of the coronavirus (Covid-19) vaccine. The aircraft was dispatched by the Emirates Red Crescent (ERC), in coordination with the Syrian Red Crescent Association, to assist the Syrian health sector in addressing the repercussions of the pandemic and support local preventive measures aimed at ...

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• 4 May

  DCT Abu Dhabi to launch three new cultural heritage initiatives

  

  ABU DHABI / WAM The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has announced it will launch a new series of cultural initiatives, including the Abu Dhabi Register of Artisans, the Abu Dhabi Crafts platform, and the recently reopened House of Artisans at Al Hosn, to help safeguard and disseminate the intangible cultural heritage of the ...

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• 4 May

  Carbon hits record 50 euros for first time on tighter pollution rules

  

  Bloomberg The cost of pollution in the European Union exceeded 50 euros ($60) per metric ton for the first time in the market underpinning the region’s energy transition. Carbon’s run of records in the past year has mirrored the EU’s resolve to ramp up its climate ambition. The bloc’s cap and trade system is a key tool to enact its ...

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• 4 May

  Biggest US coal miner taps James Grech as its CEO

  

  Bloomberg Peabody Energy Corp, the biggest US coal producer, named James Grech to be its next chief executive officer as the industry faces a long-term decline in demand for the fuel. Grech, the CEO of the Utah-based coal company Wolverine Fuels, will take over at Peabody from June 1, according to a statement. Peabody said in March that its current ...

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• 4 May

  BP lures investors with share buybacks post tough year

  

  Bloomberg BP Plc set out to win back shareholders after a difficult year, saying it will begin share buybacks after “exceptional” natural gas trading buoyed earnings. The gesture is aimed at investors who have shown little love for the company since it cut its dividend by half last year. After lagging its European peers for much of 2020, BP re-jigged ...

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• 4 May

  India needs Modi to work with his rival politicians

  

  As anyone who has tried to invest in India can tell you, India’s states are as distinct from each other as European countries. Every now and then, India’s politicians are reminded of this as well. Prime Minister Narendra Modi certainly was earlier this week, when his all-conquering Bharatiya Janata Party fell short of expectations in state elections. Of the four ...

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